The newly created Memorial Board of Trustees met for the first time today and elected the officers that will guide the new board through the transition to the election for University of Colorado Health. Marcy Morrison, longtime community advocate, former mayor of Manitou Springs and most recently, the former Colorado Commissioner of Insurance, was named [...] [...]
Former Memorial Health System CEO Larry McEvoy will get to keep all of his $1.15 million severance package. After an hours-long closed session yesterday, City Council decided there was little it could do to alter the compensation package – which includes 18 months’ salary, a company car, $20,000 in outplacement services and cash in lieu [...] [...]
Details of Memorial Health System’s proposed 40-year lease to University of Colorado Health will be made public June 11 during an informal City Council meeting. Council made the announcement today, and also said comment about the proposed lease will be heard at that meeting, as well as during Council’s June 12 formal meeting. Under its initial [...] [...]
After more than an hour in executive session, the Colorado Springs City Council postponed the decision about outgoing CEO Larry McEvoy’s $1.15 million severance package. The reason, said council president Scott Hente, was to get more advice from city attorney Chris Melcher. “This is a complicated issue,” Hente said. “It’s about contract law, about labor [...] [...]
WellPoint Inc. shareholders rejected a call for more disclosure about the health insurer’s political contributions Wednesday during a shout-filled, contentious annual meeting. Union representatives and other protesters repeatedly interrupted Chairwoman and CEO Angela Braly after she opened the meeting and introduced proposals for shareholder voting. One person presented a petition she said was [...] [...]
A second executive will be leaving Memorial Health System, according to a press release sent out by the hospital. Carm Moceri, who has been with the health system since 2008, will leave because his position as chief strategy officer is being eliminated. Hospital officials said the position was being eliminated as a result of the [...] [...]
After years of discussion, task-force and commission meetings and closed-door talks, the Colorado Springs City Council is preparing to ask voters whether to lease Memorial Health System to the University of Colorado Hospital. City Council will hold a special meeting at 1 p.m. Wednesday, May 16 at the Blue River Boardroom on the fifth floor [...] [...]
Colorado’s health hasn’t improved much in the years that the Colorado Health Foundation has been releasing its report card. In fact, for the state labeled “leanest” and “most active,” health care advocates say there is a lot of room for improvement. In its latest reiteration of the state’s health report card, the state earned a [...] [...]
Venture capital funding in life sciences – including biotechnology and medical device manufacturing – decreased 22 percent from the fourth quarter of 2011 in the first quarter of 2012, according to a PricewaterhouseCoopers report. Venture capitalists invested $1.5 billion during the that quarter. Deal volume was also down, dropping 11 percent during the same period. When [...] [...]
Federal health regulators are asking tough questions about the risk of tumors and heart problems with an experimental diet pill from Arena Pharmaceuticals, which was previously rejected for similar safety concerns. The Food and Drug Administration denied approval for Arena’s lorcaserin in 2010 after scientists raised concerns about tumors that developed in animals studied with [...] [...]